Canada is dismantling regulatory hurdles for offshore wind projects along its Atlantic coast, aiming to transform one of the world’s longest and gustiest shorelines into a renewable energy leader despite the industry’s current slump.
Prime Minister Justin Trudeau’s government plans to unveil its proposal to cap oil and gas emissions this fall, a policy that will test Canada’s ability to meet its climate targets without knee-capping a crucial economic sector.
Canada revealed new rules to ban some fossil fuel subsidies, targeting those that unfairly advantage oil and gas, solely support sector activities or endorse consumption of fuels that worsen climate change.
Prime Minister Justin Trudeau’s government is revoking the waiver that exempted Nord Stream pipeline turbines from Canadian sanctions on Russia’s oil and gas industry.
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasn’t always that way.